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Determine the amount of markup, the amount of overhead, the profit or loss realized on the sale, the rate of markup based on cost,
Determine the amount of markup, the amount of overhead, the profit or loss realized on the sale, the rate of markup based on cost, and the rate of markup based on selling price. Cost = $40.00 Selling = $73.00 Overhead = 20% of selling price M = Markup = E = Expenses = P = Profit or Loss = Do not include the $ sign in your answers. Do not include the % sign in your answers. m Markup based on Cost (Correct to 3 decimal places) = ms Markup based on Selling (Correct to 3 decimal places)
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